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The US has a similar system to the UK called Income Based Repayment. It is not the default option, but I think it works similarly in principle.



I believe that can only be used on government loans, not private loans. Yet another reason to avoid private student loans if at all possible.


Why don't you (or lots of US citizens) lobby for introducing a law that student loans only have to be paid back as long as you earn a decent amount of money (as in the UK according to a post higher in the tree)?


If you want to go to university, and you're not from a privileged economic background, avoiding private student loans isn't really possible, unfortunately. Doubly so, because people from disadvantaged economic backgrounds have no idea how to find government money to help them attend college in the first place. And government loans usually don't cover all of the expenses related to university anyway, so private loans become necessary.


>> "And government loans usually don't cover all of the expenses related to university anyway, so private loans become necessary."

Again, not in the UK. Students here are given two loans. One to cover tuition and a separate one for cost of living. It's not much but it's enough for a student to get by.


Which is why we have community colleges, which are heavily subsidized, focused mostly on paying careers, and affordable to people making little money.




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